Finance News: Latest Financial News, Finance News today in Bangladesh

Turnover rises to Tk 17.86b riding on banking issues

Dhaka bourse closed Sunday's session with a marginal loss in broad index as major sectors lost prices amid investors' mixed approach.Dhaka Stock Exchange (DSE), however, saw a rise in turnover riding on banking sector which witnessed significant participation from investors.Of 20 top turnover leaders, 11 were banks which posted turnover...

ICB's EPS rises sharply

The state-run Investment Corporation of Bangladesh (ICB) saw a steep rise in EPS (earnings per share) for first quarter (July-September) of the fiscal year (FY) 2021-22 compared to same quarter of the FY 2020-21.The company's EPS increased in Q1, 2021-22 due to a rise in capital gains and decrease in...

Mobile wallets ensure smooth disbursement of SSN allowance

Once it was very difficult for Samena Begum, the 76-year-old woman in Chauddagram upazila under Comilla district, to withdraw her old age allowance from the bank but disbursement of the allowance through mobile wallet has made the process easier and comfortable for her, reports BSS.Talking to BSS, Samena Begum said...

Masihul Huq re-appointed as Community Bank MD

The board of directors of Community Bank Bangladesh Limited has appointed Masihul Huq Chowdhury as the Managing Director & CEO of the bank for the second consecutive term, which has been duly approved by Bangladesh Bank. His upcoming 3-years term will be effective from 1st December 2021. The Board of...

Dhaka Bank inaugurated Manda Sub-branch

Dhaka Bank Limited inaugurated its Manda Sub-branch under Islami Banking Branch at Mugda. Mohammad Abu Jafar, Additional Managing Director of Dhaka Bank Limited, inaugurated the Manda Sub-branch under Islami Banking Branch while Emranul Huq, Managing Director & CEO, Dhaka Bank, virtually announced the inauguration of the sub-branch through a digital...

BFIU organised a workshop on "Prevention of Money Laundering and Terrorism Financing"

Under the supervision of Shahjalal Islami Bank Ltd, Bangladesh Financial Intelligence Unit (BFIU) organised a workshop on "Prevention of Money Laundering and Terrorism Financing" on Saturday, with the participation of 64 branch representatives from 43 scheduled banks located in Jessore district. In the workshop Deputy General Manager of Bangladesh Financial...

News Briefs (22-11-2021)

Disbursement of dividend Meghna Life Insurance Co. Ltd: The company has credited the bonus shares for the year ended on December 31, 2020 to the respective shareholders' BO accounts.Board meetingBeacon Pharmaceuticals Ltd: A board meeting of the company will be held on November 28, 2021 at 3:00 PM to consider,...

IBBL inaugurated digital payment service

Islami Bank Bangladesh Limited inaugurated digital payment service 'QR Payment through CellFin App with SSLCOMMERZ' at a programme at the Islami Bank Tower in the city recently. Mohammed Monirul Moula, Managing Director & CEO of the bank, inaugurated the event as the chief guest. Ahmed Kamal Khan Chowdhury, Group Advisor...

Sylhet Gas Fields held 39th AGM

Sylhet Gas Fields Limited, a company of Petrobangla, held its 39th annual general meeting (AGM) at a hotel in Dhaka recently, with its Chairman and Additional Secretary (operation), Energy and Mineral Resources Division, Md A Hamid Zamaddar in the chair. Petrobangla Chairman ABM Abdul Fattah and Managing Director of Sylhet...

Islami Bank Bangladesh inaugurated 380th branch

Islami Bank Bangladesh Limited inaugurated its 380th branch at Kaliakair in Gazipur on Sunday. Mohammed Monirul Moula, Managing Director and CEO of the bank, inaugurated the branch as the chief guest. J.Q.M. Habibullah, FCS, Deputy Managing Director of the bank, addressed the programme as special guest.

295th meeting of the board of directors of IFIL held

The 295th meeting of the board of directors of Islamic Finance and Investment Limited (IFIL) was held at its head office at Tejgaon on Sunday. S. M. Bakhtiar Alam, Chairman of the board of directors of IFIL, presided over the meeting. Vice Chairmen of the board Abul Quasem Haider and...

Sri Lanka ends farm chemical ban

COLOMBO, Nov 21 (AFP): Sri Lanka abandoned its quest to become the world's first completely organic farming nation on Sunday, announcing it would immediately lift an import ban on pesticides and other agricultural inputs.The island country has been in the grips of a severe economic crisis, with a lack of...

Tripartite alliance to develop housing project in Riyadh

RIYADH, Nov 21 (Arab News): Top Saudi real estate developers have formed a tripartite alliance to establish a housing project in Riyadh, the Saudi Press Agency reported. The alliance will build 580 villas spread over 300,000 sq. m. Al-Othman Group, Tamimi Real Estate, Isam Khairi Kabbani allied under Tilal Properties...

Saudi JODC gets approval to restructure a $800m loan

RIYADH, Nov 21 (Arab News): Jabal Omar Development Co., got the Saudi ministry of finance approval to restructure the company's remaining loans worth SR3 billion riyals, it said in a filing.The restructuring deal includes the conversion of SR1.5bn of the total existing loan into a new Shariah-compliant subordinated perpetual instrument,...

Billionaire Sawiris wants 'level playing field' for Egypt business

EL-GOUNA, Nov 21 (AFP): Naguib Sawiris-one of Africa's richest men, with an estimated fortune of over $3 billion-has warned that the Egyptian government's involvement in the private sector makes for an unfair playing field."Companies that are government-owned or with the military don't pay taxes or customs," Sawiris told AFP from...